The Pakistani rupee was put into circulation after the country became independent from the British Raj in 1947. The issuance of the currency is controlled by the State Bank of Pakistan. In Pakistan, the rupee is referred to as the 'rupees', 'rupaya' or 'rupaye'.

The Icelandic krona (meaning 'crown') separated from the Danish krone after the dissolution of the Scandinavian Monetary Union at the start of World War I and Icelandic autonomy from Denmark in 1918. The first coins were issued in 1922.